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NOLs
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11Buster
Level 4
08-11-2020
05:18 PM
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Can a C corporation use a pre-2018 NOL carryforward and combine it with a 2018 NOL, then carry the entire amount back to, in this case, 2013 and subsequent years? Is there any guidance on this yet from IRS?
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1 Comment 1
sjrcpa
Level 15
08-11-2020
05:35 PM
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Been a while since I had multiple years NOLs but I believe you use them in the order they arose. The pre 2018 ones follow the pre 2018 rules for carryback/carryover and the 2018 and 2019 NOLs follow the new rules for 5 year carryback.
The more I know, the more I don't know.
